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solar mining in space and beaming the results to earth https://twitter.com/peterktodd/status/897631806899597312 https://twitter.com/peterktodd/status/8976318068
by kang 8y ago
solar mining in space and beaming the results to earth
https://twitter.com/peterktodd/status/897631806899597312 https://twitter.com/peterktodd/status/897631806899597312
- samfriedman 8y agoI think orbital solar collection is interesting, but I'm not sure why it needs to be used to mine BitCoin: can't we just use the energy to power a microwave beam to collectors on the surface? Not sure what the economics of that is vs. the cost of launching a geostationary satellite though.
- DoctorOetker 8y agothere is no fundamental reason cryptocurrency "mining" should be energy-intensive, it was & is merely an unnecessary side-effect of the first cryptocurrency (Bitcoin) and its spin-off's / copycats. Sadly a large fraction of the crypto proponent "community" misinterprets the unnecessary energy expenditure as the source of "value", while the majority of the crypto opponents similarily consider it an unavoidable side-effect of cryptocurrencies and hence an argument against cryptocurrencies in general... check out the Algorand papers to learn more